Monthly interest rate or annual interest rate
Not all business loans are presented with an annual interest rate; both monthly interest rates and fixed fees occur. To convert a monthly interest rate to an annual interest rate, and vice versa, take the interest rate and multiply or divide it by twelve.
Loan with fixed cost
For a loan with a fixed fee, the total cost of the loan will not decrease as you repay it. Therefore, in theory, these loans become more expensive over time. If you want to calculate the total cost of a loan with a fixed fee instead of interest, you can enter zero as the interest rate in the calculation and then enter the fixed cost under invoice fee.
Read more about how different business loans can vary in the Financing Handbook.
How we calculated it
In Sweden, there are usually around 250–255 working days and approximately 47–50 working weeks in a year, depending on which day of the week public holidays fall. The calculation takes this into account and calculates based on 252 working days and 48 working weeks.
Please note that this is only an estimate. To see your exact price, you need to submit an application.